-16.0 on previous index reading
The Bank of Ireland Economic Pulse came in at 70.4 in March 2020. The index, which combines the results of the Consumer and Business Pulses, was down 16.0 on last month and 19.0 lower than a year ago.
With the COVID-19 pandemic weighing on the global economy, upending financial markets and disrupting travel and tourism, consumer and business confidence took quite a knock this month. And as the March surveys were largely conducted before the Government announced the closure of schools and other restrictions impacting normal everyday and economic activities, both will likely be dealt another blow next month.